# Lease to buy worth doing? **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [February 12, 2017, 7:53am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544 "2017-02-12T07:53:10Z")\ **Posts on this page:** 20\ **Page:** 3
**Author:** ![RedGoober4Life](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/redgoober4life/32/7610_2.png) [@RedGoober4Life](https://forums.speedlife.net/u/RedGoober4Life)\ **Post date:** [February 17, 2017, 8:26am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/41 "2017-02-17T08:26:01Z")
> [@ultradriver10000](#): > > These leases are $0 down, so you only have a monthly payment. If you pay for all the extras that is on you, I don’t and there is no reason to. Lease turn in varies from manufacture to manufacture but can range from $250-500. This is a real cost that should be taken into account. You DO NOT need to have a lot of money to lease. > > I got my aunt in Cali a brand new Chevy Cruze, 39 month lease, $0 down, $250 turn in 10K miles a year for $78 a month. You absolutely can not beat that. Bran new car, 32,500 miles for $3300 TOTAL!!! Killer deal, plus it gets 40+ mpg and you never need to worry about it. > > Bingo, you could have been driving a brand new silverado for the same costs and have zero worries or issues. > > Awesome!! They are offering really great deals on Silverados and the Equinox now that the new model update has been released. > > We got a nicely loaded one with heated seats for $135 a month. The 4 cylinder isn’t crazy fast but its super reliable and gets really great MPG, my wife has actually got a best of 37.5mpg over 500 miles. I think we average low 30’s normally. How does General Motors make any money? ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 17, 2017, 8:32am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/42 "2017-02-17T08:32:01Z")
> [@RedGoober4Life](#): > > How does General Motors make any money? Because for every buyer with an insider hookup driving a Silverado for $200 a month there’s 10 suckers who paid 50k for that truck on a 6+ year loan financed through GM at 3+%, complete with undercoating, glass etching and an extended service plan. ---
**Author:** ![Josh](https://avatars.discourse-cdn.com/v4/letter/j/45deac/32.png) [@Josh](https://forums.speedlife.net/u/Josh)\ **Post date:** [February 17, 2017, 9:59am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/43 "2017-02-17T09:59:46Z")
> [@JayS](#): > > Ok, now that’s a pretty insane deal right there. Fuck, you’re right. I don’t even need another car. I’ve got 5 right now. But for $78/mo? I’ll take a beater lease and rallycross it or something. ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [February 17, 2017, 9:39pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/44 "2017-02-17T21:39:38Z")
My lease is a winter car. Saves my good cars from getting tore up lol. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [February 18, 2017, 3:11am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/45 "2017-02-18T03:11:50Z")
> [@ultradriver10000](#): > > These leases are $0 down, so you only have a monthly payment… Taxes on the full purchase price are due upon delivery, are they not? I’m not saying there aren’t pros to leasing (I currently lease), I’m just saying the math ITT has been a tad fuzzy (by those with vested interests). ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [February 18, 2017, 7:33am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/46 "2017-02-18T07:33:08Z")
> [@TradersBASE](#): > > Taxes on the full purchase price are due upon delivery, are they not? I’m not saying there aren’t pros to leasing (I currently lease), I’m just saying the math ITT has been a tad fuzzy (by those with vested interests). I didn’t pay taxes upfront on any of my 3 leases ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [February 18, 2017, 8:08am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/47 "2017-02-18T08:08:45Z")
> [@TradersBASE](#): > > Taxes on the full purchase price are due upon delivery, are they not? I’m not saying there aren’t pros to leasing (I currently lease), I’m just saying the math ITT has been a tad fuzzy (by those with vested interests). No, you only pay taxes on the total payment amount. 36 x $100 = you pay tax on $3600. ---
**Author:** ![NYstanger](https://avatars.discourse-cdn.com/v4/letter/n/6a8cbe/32.png) [@NYstanger](https://forums.speedlife.net/u/NYstanger)\ **Post date:** [February 18, 2017, 1:25pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/48 "2017-02-18T13:25:00Z")
> [@Beck](#): > > We have people who buy Tacomas and 4Runners at the end of the lease because the residual is 75% of what the car is actually worth on trade. If I leased a truck and knew the history of it, had the ability to buy it for $18k when retail on the same used truck is $25,000- I’m probably going to buy it out. Or use the equity towards a new lease. Thats good info because 4runners have peaked my interest. ---
**Author:** ![Paul\_B](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paul_b/32/5452_2.png) [@Paul\_B](https://forums.speedlife.net/u/Paul_B)\ **Post date:** [February 18, 2017, 7:10pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/49 "2017-02-18T19:10:16Z")
Damn all this talk makes me want to try and get into a Silverado lease… Is the “DBL Door” the larger cab or the extended style cab? Need room for front and/or rear facing seats. ---
**Author:** ![NYstanger](https://avatars.discourse-cdn.com/v4/letter/n/6a8cbe/32.png) [@NYstanger](https://forums.speedlife.net/u/NYstanger)\ **Post date:** [February 18, 2017, 7:16pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/50 "2017-02-18T19:16:40Z")
> [@Paul B](#): > > Damn all this talk makes me want to try and get into a Silverado lease… Is the “DBL Door” the larger cab or the extended style cab? Need room for front and/or rear facing seats. Guy at work has the double cab and says its tough to have a rear facing seat. Crew cab is the way to go. ---
**Author:** ![Paul\_B](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paul_b/32/5452_2.png) [@Paul\_B](https://forums.speedlife.net/u/Paul_B)\ **Post date:** [February 18, 2017, 10:03pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/51 "2017-02-18T22:03:10Z")
> [@NYstanger](#): > > Guy at work has the double cab and says its tough to have a rear facing seat. Crew cab is the way to go. Yea thats what im thinking. Havent seen too many deals on the larger cab. Ill keep my eye out. Sent from my iPhone using Tapatalk ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [February 19, 2017, 1:04am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/52 "2017-02-19T01:04:25Z")
> [@ultradriver10000](#): > > I didn’t pay taxes upfront on any of my 3 leases > [@Beck](#): > > No, you only pay taxes on the total payment amount. 36 x $100 = you pay tax on $3600. Thanks for the clarification, this is really good info. The bad part of this is now I’m considering leasing a truck. LOL ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [February 19, 2017, 8:04am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/53 "2017-02-19T08:04:51Z")
> [@TradersBASE](#): > > Thanks for the clarification, this is really good info. The bad part of this is now I’m considering leasing a truck. LOL I should clarify, you pay tax on the payment and any cap reduction (money down or rebates) ---
**Author:** ![Spam16v](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/spam16v/32/5287_2.png) [@Spam16v](https://forums.speedlife.net/u/Spam16v)\ **Post date:** [February 19, 2017, 12:01pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/54 "2017-02-19T12:01:27Z")
I’ve been doing pretty well with some of Honda’s more limited production vehicles and them holding their value well, the Element and now on my second Ridgeline. They stopped producing Elements and values spiked, traded in on the Ridgeline. Ridgeline production stopped the first time and I dumped that for a healthy trade and got a good price as a returning customer for the new '17 Ridgeline so much so that I bought a loaded one. These examples are likely the exception and I have seemed to roll over a significant bit of equity each time and have paid next to no maintenance besides tires and brakes since they’re Hondas. Results may vary… ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [February 19, 2017, 7:00pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/55 "2017-02-19T19:00:46Z")
> [@Paul B](#): > > Damn all this talk makes me want to try and get into a Silverado lease… Is the “DBL Door” the larger cab or the extended style cab? Need room for front and/or rear facing seats. I have just the extended cab, the rear facing baby seat fits great in the middle back of the rear seat, if you have to put it to one side the front seat needs to move up a bit. I can’t have the baby seat behind the driver seat with me driving, i’m 6’ tall. My wife can no problem at 5’5". The deals are really sweet on the extended cab, they are selling the crew cabs like hotcakes. ---
**Author:** ![Paul\_B](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paul_b/32/5452_2.png) [@Paul\_B](https://forums.speedlife.net/u/Paul_B)\ **Post date:** [February 19, 2017, 8:09pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/56 "2017-02-19T20:09:51Z")
> [@ultradriver10000](#): > > I have just the extended cab, the rear facing baby seat fits great in the middle back of the rear seat, if you have to put it to one side the front seat needs to move up a bit. I can’t have the baby seat behind the driver seat with me driving, i’m 6’ tall. My wife can no problem at 5’5". The deals are really sweet on the extended cab, they are selling the crew cabs like hotcakes. Sounds like what my wife and i would have to do. Forward facing would probably work in the center as well. But a forward facing child seat (my son is almost 2) and rear facing would be hard to make work. Do any dealers do full day/overnight road tests these days? Sorry if im thread jacking. Sent from my iPhone using Tapatalk ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [February 19, 2017, 9:00pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/57 "2017-02-19T21:00:09Z")
> [@Paul B](#): > > Sounds like what my wife and i would have to do. Forward facing would probably work in the center as well. But a forward facing child seat (my son is almost 2) and rear facing would be hard to make work. > > Do any dealers do full day/overnight road tests these days? > > Sorry if im thread jacking. > > Sent from my iPhone using Tapatalk Not sure about the test drives, might want to call a few local dealerships and ask them. I’m sure they would though to let you try out the car seat set up. I rationalized it that if we go someplace with the daughter, we’ll normally take the wife’s car. If we had to we could use the truck. We have used the truck on several road trips with only minor inconvenience on lack of interior space. That being said, the full crew cab isn’t that much more monthly on a lease to be honest. Maybe another $50-75 a month if I had to guess. Edit: Looks like Padock has several crew cab 4x4 LTs in the $40K range. I’d guess a lease on one of these would be pretty decent. I’m not saying Padock will be the cheapest, just one dealer i looked up. [http://www.paddockchevrolet.com/VehicleDetails/new-2017-Chevrolet-Silverado\_1500-Crew\_Cab\_Short\_Box\_4\_Wheel\_Drive\_LT-Kenmore-NY/2900341253](http://www.paddockchevrolet.com/VehicleDetails/new-2017-Chevrolet-Silverado_1500-Crew_Cab_Short_Box_4_Wheel_Drive_LT-Kenmore-NY/2900341253) ---
**Author:** ![Paul\_B](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paul_b/32/5452_2.png) [@Paul\_B](https://forums.speedlife.net/u/Paul_B)\ **Post date:** [February 19, 2017, 10:18pm UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/58 "2017-02-19T22:18:22Z")
After some research the crew cab is the way to go with car seats it sounds like. Ill stop by paddock one day this week and see whats up Sent from my iPhone using Tapatalk ---
**Author:** ![Jeller](https://avatars.discourse-cdn.com/v4/letter/j/bc8723/32.png) [@Jeller](https://forums.speedlife.net/u/Jeller)\ **Post date:** [February 20, 2017, 4:49am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/59 "2017-02-20T04:49:50Z")
> [@Paul B](#): > > After some research the crew cab is the way to go with car seats it sounds like. Ill stop by paddock one day this week and see whats up > Sent from my iPhone using Tapatalk Talk to @Kramer on here and see what he can do for you, very helpful with my dads last purchase from Basil. ---
**Author:** ![Kramer](https://avatars.discourse-cdn.com/v4/letter/k/97f17d/32.png) [@Kramer](https://forums.speedlife.net/u/Kramer)\ **Post date:** [February 20, 2017, 4:57am UTC](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544/60 "2017-02-20T04:57:48Z")
Easy with this paddock talk, give me a call 716 479 1084 [Previous page](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544.md?page=2) [Next page](https://forums.speedlife.net/t/lease-to-buy-worth-doing/274544.md?page=4)